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tax refundGlobal News
•Business
Business & Economics
79% Informative
Starting Monday , Canadians can file their income tax and benefit returns online.
The federal income tax brackets are increasing by 2.7 per cent to account for inflation.
For 2025 , federal tax is 15 per cent for earnings up to $57,375 ; 20.5 per cent between $114,750 and 26 per cent .
For the 2025 tax year , the basic personal amount (BPA) ranges from $ 14,538 to $ 16,129 .
The CRA is opening up its SimpleFile by Phone service to more Canadians this tax season.
The free automatic tax filing service will be offered to “individuals with low or fixed incomes and simple tax situations that remain unchanged from year to year.
For the first time, the service is available for people who have filed their taxes in recent years .
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